From 20 March, the bank will cut select two- and three-year fixed rates by as much as 0.15% and raise select five-year fixed rates by up to 0.11%.
This week, Halifax reduced the minimum loan size available for further advance borrowing from £10,000 to £5,000, which it said would give borrowers more choice and help them access finance to retrofit their homes.
Chorley BS introduces PT proc fees
Chorley Building Society has brought in procuration fees for residential and buy-to-let (BTL) product transfers.
The mutual has made the change following feedback from brokers and insight into how much work is required to complete a product transfer.
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From 17 March, Chorley Building Society will pay brokers a 0.2% fee on the completion of a residential or BTL product transfer.
Liz Pearson, head of operations at Chorley Building Society, said: “Our intermediary network is at the heart of our business. We recognise and value the level of service they provide to our members throughout the lifetime of their mortgage, ensuring they continue to get the best outcomes.
“We are so pleased to be introducing a procuration fee for our intermediary network in recognition of the service they provide.”
Shane Dye, senior business development manager at Chorley Building Society, added: “The introduction of proc fees to our intermediary network demonstrates the value we place on the ongoing support they provide our members. We understand that in the current economic climate, members will be proactively speaking with their brokers, and we are very supportive of this approach.
“I’m looking forward to talking to our network about how we can continue to work together in partnership to support our members and provide the best outcome for them.”
